Corporate Governance in Context
|Unit level:||Level 3|
|Teaching period(s):||Semester 1|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?:||N
- BMAN21020 - Financial Reporting and Accountability (Compulsory)
Additional RequirementsBMAN 30211 has pre-requisites of: BMAN21020.
Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.
' to study corporate governance in its economic, political and legal context, including recent governance scandals
- to analyse different intellectual positions about the ownership and control of corporations
- to consider comparative international models of corporate governance
- to introduce policy positions and debates about better governance.
Corporate governance is concerned with the ownership, control and accountability of corporations. It has become such an important current issue because there is increasing concern about such questions as: in whose interests are companies run; what mechanisms are in place to ensure that shareholder interests are safeguarded; what is the appropriate basis for setting management pay and are executives too often rewarded for failure; and why, despite the formalisation of many procedures and practices for good governance, do things still go wrong leading to corporate collapse in some cases and failure of confidence in corporate management more generally?
The course unit starts with an introduction to corporate governance, outlining the legal and institutional context in which firms are governed and the development of international corporate governance codes. A number of specific governance issues are then examined, such as the role and contribution of financial reporting, governance structures, the role of institutional investors and the controversial topic of executive pay and reward. The course takes a very broad approach to the issue of governance and may also include corporate social responsibility. It makes considerable reference to real cases to illustrate governance problems.
Teaching and learning methods
Lectures: 20 hours - 2 hrs per week for 10 weeks.
Workshops: 4 hours - 1 hr per week for 4 weeks.
Total study hours: 100 hours split between lectures/classes, seminars, reading, self-study and preparation for classes and examinations.
Informal Contact Methods
1. Office Hours
2. Online Learning Activities (blogs, discussions questions)
On completion of this course successful students will be able to:
- set the problematisation of governance in legal, political and institutional context
- understand policy developments, international convergences and differences in governance
- distinguish different perspectives on corporate governance and understand their assumptions about key actors, motives and mechanisms
- comment on current policy issues, discuss the limits of governance and consider how governance issues are broadening out into a wider social arena
Assessment Further Information
Two hour unseen examination (100%)
For semester 1 only exchange students admitted via the Alliance Manchester Business School International Office that take this course as BMAN30401 the assessment will be an 8-page essay.
Tricker, R (2015) Corporate Governance: Principles, Policies and Practices, 3rd edition, Oxford University Press.
Thomsen, S., & Conyon, M. (2012). Corporate governance: Mechanisms and systems. McGraw Hill.
Mallin, C. (2015) Corporate Governance, 5th edition, OUP
Solomon, J. (2013). Corporate Governance and Accountability, 4th edition, Wiley.
*Students should not buy any textbooks until the title is confirmed in the first lecture*
- Informal advice and discussion during a lecture, seminar, workshop or lab.
- Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.
- Specific course related feedback sessions.
- Written and/or verbal comments on assessed or non-assessed coursework.
- Generic feedback posted on Blackboard regarding overall examination performance.
- Assessment written exam - 2 hours
- Lectures - 20 hours
- Practical classes & workshops - 4 hours
- Independent study hours - 74 hours